Elauwit Connection Appoints Michele Levingston as Vice President, Customer Experience (CX)
Rhea-AI Summary
Elauwit Connection (NASDAQ: ELWT) appointed Michele Levingston as Vice President, Customer Experience on February 5, 2026. Levingston brings nearly four decades of telecommunications experience in customer success, account management, and customer care operations. She will focus on strengthening customer relationships and delivering a consistent, high-impact customer experience across Elauwit.
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Negative
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News Market Reaction
On the day this news was published, ELWT declined 9.81%, reflecting a notable negative market reaction. Argus tracked a peak move of +7.1% during that session. Argus tracked a trough of -13.5% from its starting point during tracking. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $34M at that time. Trading volume was elevated at 2.9x the daily average, suggesting increased selling activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 03 | Executive appointment | Positive | -2.0% | Named a new Chief Accounting Officer to lead finance and controls. |
| Dec 08 | Earnings results | Positive | -12.3% | Reported Q3 2025 revenue up 178% year‑over‑year with higher gross profit. |
| Dec 03 | Earnings date set | Neutral | +2.3% | Announced date and webcast details for Q3 2025 earnings release. |
| Nov 24 | IPO over-allotment | Neutral | -1.1% | Closed partial over-allotment exercise, adding IPO gross proceeds. |
| Nov 18 | Executive appointment | Positive | +5.7% | Appointed a Chief Growth Officer to drive sales and market expansion. |
Recent positive corporate and financial updates have often seen mixed or negative next-day price reactions.
Over the past few months, Elauwit reported strong growth and corporate developments. On Nov 18, 2025, appointment of a Chief Growth Officer coincided with a positive 5.74% move. The subsequent IPO and over-allotment in late November generated about $15.6 million in gross proceeds but were followed by modest declines. On Dec 8, 2025, third-quarter results showed revenue up 178% year‑over‑year, yet the stock fell 12.33%. A recent Chief Accounting Officer appointment on Feb 3, 2026 also preceded a small decline.
Market Pulse Summary
The stock moved -9.8% in the session following this news. A negative reaction despite constructive leadership news would fit a history where strong fundamentals, such as Q3 revenue up 178%, sometimes met selling pressure, including a 12.33% decline after those results. This could reflect concerns about sustainability, liquidity with cash of $0.8M as of Q3 2025, or post-IPO positioning. Investors would likely monitor how new executives influence growth, margins, and any future capital decisions.
AI-generated analysis. Not financial advice.
Columbia, South Carolina--(Newsfile Corp. - February 5, 2026) - Elauwit Connection, Inc. (NASDAQ: ELWT) ("Elauwit" or the "Company"), a national managed services provider of turnkey broadband and property-wide WiFi networks serving multifamily, student housing, and senior living communities, today announced the appointment of Michele Levingston as Vice President, Customer Experience.
Levingston brings nearly four decades of experience in the telecommunications industry, with leadership spanning across customer success, account management, and end-to-end customer experience. She is a proven executive leader, known for her initiative, organizational strength, and ability to build trusted, long-term customer relationships.
Her career reflects a consistent focus on customer success, service quality, and relationship building, and she offers a broad range of managerial experience across account management, customer care operations, and sales leadership.
At Elauwit, Levingston will focus on strengthening customer relationships and advancing a consistent, high-impact customer experience across the organization.
Taylor Jones, President and CTO of Elauwit commented:
"Michele's background bridges decades of experience in customer success, account management, customer care and business operations, giving her a unique perspective that connects strategy with execution. We're thrilled to have her join us as Vice President, Customer Experience. Her proven leadership and commitment to service excellence will be a tremendous asset as she strengthens our partnerships and drives impact across the organization!"
Michele Levingston added:
"I'm honored to join Elauwit as Vice President, Customer Experience. Throughout my career, I've focused on building trusted customer relationships, delivering service excellence, and driving meaningful results. I look forward to strengthening partnerships and advancing a consistent, high-impact experience across the organization."
About Elauwit Connection (NASDAQ: ELWT)
Elauwit is a publicly traded connectivity MSP dedicated to rental communities, including multifamily properties, student housing, and senior living. Elauwit designs, builds, and operates managed networks, backed by a service model that treats property teams and residents like a relationship, not an account number.
With dependable connections, exceptional resident support, and no-upfront-cost options, Elauwit helps owners deliver premium connectivity as a competitive advantage, supporting new revenue, resident retention and increased asset value.
Visit: www.elauwit.com
Contacts
Investor Relations
Matt Kreps, Darrow Associates
+1 214-597-8200 | mkreps@darrowir.com
Elauwit Connection Inc.
Katie Hayward, Vice President of Marketing
+1 704-558-3099 | sales-pr@elauwit.com
Forward-Looking Statements
This press release contains forward-looking statements, including with respect to the Company's future financial results, the Company's growth strategies and pipeline, and its performance as a public company. The words "anticipate," "believe," "can," "expect," "future," "opportunities," "potential," "will," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including market and other conditions and the Company's ability to improve its financial performance and achieve its growth objectives, and other factors set forth in the Company's filings with the SEC, including the Company's final prospectus dated November 2, 2025 and filed with the SEC pursuant to Rule 424(b) under the Securities Act of 1933, as amended, on November 4, 2025, and subsequent quarterly reports on Form 10-Q. Actual results might differ materially from those explicit or implicit in the forward-looking statements. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.
Michele Levingston, Vice President, Customer Experience (CX), Elauwit Connection
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FAQ
Who is Michele Levingston and what role did she accept at Elauwit (ELWT) on February 5, 2026?
What will Michele Levingston focus on as VP, Customer Experience at ELWT?
How does Michele Levingston’s background support Elauwit’s customer experience goals (ELWT)?
Does Elauwit (ELWT) expect immediate operational changes following the VP, Customer Experience hire?
What does Michele Levingston’s appointment mean for Elauwit shareholders and customers of ELWT?
